Having read Jeremy Grey’s letter about the UK impact on Mipim Japan, I wanted to highlight how Wales making its first-ever appearance at Mipim UK later this month will showcase our nation as a leading destination for investment among industry leaders.
I have been asked to represent Wales’ eight Enterprise Zones (EZs) - designated areas across Wales designed with the best possible conditions for business growth. Together, the EZs create a balanced portfolio of locations that can satisfy a wide range of enquiries from both inward investors and existing businesses.
Mipim provides the opportunity to showcase these locations and the headline acts we have already attracted, such as Aston Martin in St Athan and Raytheon in Deeside. In Central Cardiff EZ, we have also seen major service sector projects attracted including Deloitte, MotoNovo Finance and BBC Wales.
The latest EZ to be created in the UK is the Port Talbot Waterfront EZ, which offers financial incentives to companies based there, including tax and business rate breaks. Meanwhile, work continues to enable potential ‘step-change’ projects, including one of the largest in the UK - the proposed Wylfa Newydd nuclear power station in the Anglesey EZ.
Wales makes business sense for any operation looking to invest or relocate and we’ll be driving that message home at Mipim.
Chris Sutton, JLL director and chair, Central Cardiff Enterprise Zone